Newsflash: United States to Receive $38 billion RFQII Quota for Investments in China

June 09, 2016

The quota allocation – the first of its kind awarded to the United States – was announced on June 7, 2016 by Yi Gang, Deputy Governor of the People’s Bank of China, the country’s central bank. This represents an apparent effort to broaden the overseas use of China’s currency, the yuan, and to lure capital back to mainland China. Additional details are expected to be forthcoming.

Read "United States to Receive $38 billion RFQII Quota for Investments in China."